Aave Wallet Growth Hits Record High Amid Standard Chartered's Bullish Forecast

Aave's wallet growth has reached its highest point in nearly five years, with 1,806 new Ethereum addresses created on June 30.

This surge coincides with Standard Chartered's $3,500 price target for Aave (AAVE), which is tied to the bank's prediction of tokenized assets flooding decentralized finance (DeFi).

Standard Chartered has a history of revising its crypto forecasts downward. This year alone, it cut its 2026 Bitcoin target from $150,000 to $100,000 and lowered its Ethereum price target by 47%, from $7,500 to $4,000.

Aave founder Stani Kulechov has confirmed the restart of the AAVE buyback program under Aavenomics 3.0, which adds a direct revenue-to-token mechanism.